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Oct 24, 2012
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western europe, as i said, we're starting to see some signs of life in germany, but i don't think we can count on the rest of europe rebounding, so yeah, i think there's a percent of the company that will go down in the next few years. >> andrew, you alluded to what's happening in november. you were on the jobs -- were you on the jobs council? >> no, i wasn't. i was on the advanced manufacturing council. >> what are you talking about -- so just when you alluded to thov, you said it depends on the outcome in november, in terms of how we handle the fiscal cliff or overall? >> yes. definitely the fiscal cliff. i'm one of those ceos that believes we've just got to get our budget balanced again. we've got to show the world that we could be fiscally responsible. both sides of the aisle have to get to work. and business and capital hates uncertainty and we have an unnecessary new uncertainty, and i think i said on your show once before, this all started back last august. confidence busters like last august, the debt ceiling discussion, the euromeltdown on sovereign debt. the china restructu
western europe, as i said, we're starting to see some signs of life in germany, but i don't think we can count on the rest of europe rebounding, so yeah, i think there's a percent of the company that will go down in the next few years. >> andrew, you alluded to what's happening in november. you were on the jobs -- were you on the jobs council? >> no, i wasn't. i was on the advanced manufacturing council. >> what are you talking about -- so just when you alluded to thov, you...
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Oct 9, 2012
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northern europe and parts of western europe have not been that bad, but you could look at companies based in europe, whether it's a company like daimler, which of course makes mercedes automobiles and it makes commercial vehicles, or even some of the luxury good companies, like ppr or richmont, anything that's kind of consumer discretionary, based in europe, has been transfompled, even tho those are good for the long haul. >> you don't say southern or northern. you don't just go germany or north? >> exactly. we own a company called fiat industrial which is a spin-off of the fiat group that is the owner of case new holland and evekor trucks, they're based in italy but have a good balance sheet, good competitive products. >> yep. >> these are things that just because they're based in italy or based in europe, investors don't want anything to do with them. >> you get to visit the headquarters and go to italy instead of freezing up in finland. >> what about the bric countries? >> the problem with the bric countries is, if you want to buy quality businesses, they're really expensive. i just sp
northern europe and parts of western europe have not been that bad, but you could look at companies based in europe, whether it's a company like daimler, which of course makes mercedes automobiles and it makes commercial vehicles, or even some of the luxury good companies, like ppr or richmont, anything that's kind of consumer discretionary, based in europe, has been transfompled, even tho those are good for the long haul. >> you don't say southern or northern. you don't just go germany...
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Oct 22, 2012
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. >> hear, europe or both is this. >> everywhere in the western world. we had the cries is 1997, markets went down 90%, currencies collapsed and there was no intervention by the new keynesian. the system deleveraged, the private sector tightened their belts. government spending was cut and it was painful for a few years. but now we have essentially again a boom. >> and you think your rottweilerss will be enough for you? how many do you have? >> well, i'm a peaceful person. the problem is our drones. >> do you have more than three? >> yes. four. >> do they respond to german commands? >> they don't listen to me. if i tell them shut up, then they shut up. >> if you tell me that, i will. everything will be fine, don't you worry. even though you walk outside and someone pushes you on the subway rail, but -- >> you're talking five to ten years. this is some serious -- a simpson-bowles type plan, is that enough in. >> i think the deficit here irrespective of who is in the white house next year will stay above a trillion dollars per annum or at least as far as t
. >> hear, europe or both is this. >> everywhere in the western world. we had the cries is 1997, markets went down 90%, currencies collapsed and there was no intervention by the new keynesian. the system deleveraged, the private sector tightened their belts. government spending was cut and it was painful for a few years. but now we have essentially again a boom. >> and you think your rottweilerss will be enough for you? how many do you have? >> well, i'm a peaceful...
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Oct 19, 2012
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is it from europe? is it from china? is it domestically or all of the above? >> going back 24 months it was the western developed economy that was challenging. now i'd say the world is challenged and really where you'd have to look for growth is within certain sectors so overall gdp growth regardless of the industry is going to be challenged but looking within certain sectoring like energy, health care over the next eight to ten years these can be good places to find pockets of growth. >> if i were to come into a lot of money and i'm not expecting to, but if i were, what would you do for me today? it would still be fixed income? >> we'd be allocated about 45% global equities if you're a moderate risk tolerance. >> global? >> that's right. >> he's not moderate. he's conservative. >> i want to swing for the fences. >> he's not a moderate, he's a conservative. you're missing the whole -- >> i'm not, i'm neither -- i'm an american. go ahead. >> and we'd be spending a fair amount of time on the bond side as well, looking on the equities side in europe, we think val
is it from europe? is it from china? is it domestically or all of the above? >> going back 24 months it was the western developed economy that was challenging. now i'd say the world is challenged and really where you'd have to look for growth is within certain sectors so overall gdp growth regardless of the industry is going to be challenged but looking within certain sectoring like energy, health care over the next eight to ten years these can be good places to find pockets of growth....